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Despite the COVID-19 outbreak in the first half of this year, China has maintained that it will try its best to implement the phase-one trade deal.

Despite that, Li said he's glad to see MD Anderson has not closed the door on working with China. He emphasized that US-China relations over the past 40 years have brought positive changes in China, the United States and the world.

Deng Lei, assistant general manager of Bank of China Singapore branch, said that the federation had appointed it as the sole financial services partner during the CIIE. The bank will provide the Singaporean exhibitors with services including cross-border business matchmaking, remittances, tariff guarantee and e-loan services.

Despite sustainability investments in recent years, Amazon receives some of the harshest criticism for its partnerships with oil companies. But Amazon is hardly an outlier in the tech industry. Microsoft and Google have actively courted fossil fuel companies as they compete aggressively for cloud customers, though Google said in May it would stop making AI tools for the industry. While the shift to renewable energy may be part of the equation, cloud companies are ultimately promising to improve the efficiency of fossil fuel extraction and production.

Demand for high-end products has grown by 6 percent between 2015 and 2018 in the country, fueled largely by rising per capita disposable income, urbanization and consumption upgrades. The desire to lead quality lives is not restricted to the younger generation as several of the frugal retired population are now not averse to spending money on high-quality products.